{"id":2019,"date":"2021-09-20T18:18:17","date_gmt":"2021-09-20T17:18:17","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=2019"},"modified":"2021-09-20T18:20:40","modified_gmt":"2021-09-20T17:20:40","slug":"dollar-hits-n575-two-days-after-aboki-fx-update-suspension","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/dollar-hits-n575-two-days-after-aboki-fx-update-suspension\/","title":{"rendered":"Dollar Hits N575 Two Days After Aboki FX Update Suspension"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>The dollar rose to between N572 and N575 in different parts of the country on Monday barely two days after online platform, Aboki FX, stopped providing updates on the exchange rate<\/strong>.<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">A visit to the ever-busy Wuse Zone 4 which is the hub of bureau de change operators in Abuja, discovered that the dollar was sold for N574 as opposed to the N570 it was sold for on Friday.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">In Lagos, the dollar was sold at N572 while in Kano it was N575 as of 3pm on Monday.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The pound was sold for N780 as opposed to N770 last Friday.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The Governor of the Central Bank of Nigeria, Godwin Emefiele, had accused the online foreign exchange update platform, Aboxi FX, of manipulating the forex market.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Emefiele, had said the bank would shut down the operations of Aboki FX which it described as illegal.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Subsequently, Aboki FX said in a statement on Friday that it would no longer publish exchange rates for now and hoped that the naira would stabilise.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">It further stated that it usually gets its information from bureau de change operators in Lagos.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The dollar rose to between N572 and N575 in different parts of the country on Monday barely two days after online platform, Aboki FX, stopped providing updates on the exchange rate. &nbsp; A visit to the ever-busy Wuse Zone 4 which is the hub of bureau de change operators in Abuja, discovered that the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":1795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8,15,4],"tags":[1165,456,1164],"class_list":["post-2019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-business-news","category-economy","tag-aboki-fx","tag-dollar","tag-n575"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dollar Hits N575 Two Days After Aboki FX Update Suspension &#8212; Business Bells<\/title>\n<meta name=\"description\" content=\"A 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